July 19, 2021

Macro Series

Trimmed Means

BY John Llewellyn, Saul Eslake

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The ‘Core’ measure of US inflation has risen misleadingly: it seems unlikely virulently to ‘infect’ other prices.

 

Macro series – Trimmed Means – July 2021

Focus – China’s continuing growth slowdown

( < 1 min) China’s era of rapid economic growth dated from 1979 until about a decade ago. Main drivers were: rapid growth in the working-age population; increased participation; employment; longer working hours; and rapid productivity growth. However, over

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Trimmed Means

( < 1 min) The ‘Core’ measure of US inflation has risen misleadingly: it seems unlikely virulently to ‘infect’ other prices.  

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World View & Risks

( < 1 min) Please find attached our foundation document, World View & Risks. Published quarterly, it presents: In two concise summary pages our judgement about the likely behaviour of the principal drivers of the world economy and financial

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Economic recovery and resilience

( < 1 min) The rate to which economic growth settles down will depend on countries’ investment response, including to going digital and green, and the quality of their structural policies.

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Focus – The effects of climate change on productivity

( < 1 min) Global warming stands to have quantitatively important effects on country productivity While most countries will apparently be affected negatively , some may see large gains Canada and Russia could see considerable increases in productivity India

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